Home Possible®

Want to own your own home? It's possible! If you are ready to purchase your own home and leave the rental life behind (see ya, landlord!), Home Possible
was designed just for you. The Home Possible
loan program provides financing options for qualified low and moderate income borrowers.

What Are the Qualification Requirements for Home Possible?

To qualify for a Home Possible
loan, you don't have to be a first-time homebuyer, and there is no minimum reserve requirement (meaning you don't have to have a big savings account). Some other features include:

All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. With Adjustable Rate Mortgage loans, the rate is variable and may increase or decrease every year after the initial fixed rate period based
on changes to an index. This could result in an increase in the monthly payment.